Starwood Property Says A Controlled Affiliate Acquires A Portfolio Of 10 Hotels From Edwardian Group For An Undisclosed Sum Via An Off-market Transaction
Portfolio Pulse from Benzinga Newsdesk
Starwood Property Trust, through a controlled affiliate, has acquired a portfolio of 10 hotels from Edwardian Group. The acquisition was made via an off-market transaction, and the financial details were not disclosed.
January 12, 2024 | 12:13 pm
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Starwood Property Trust has expanded its hotel portfolio by acquiring 10 hotels from Edwardian Group through an affiliate. The terms of the deal were not disclosed.
The acquisition of 10 hotels is a significant expansion for Starwood Property Trust and indicates growth in its hotel asset portfolio. While the financial terms are undisclosed, such acquisitions typically are viewed positively as they suggest strategic growth. However, without financial details, it's difficult to assess the full impact on the company's financials, hence the importance is not at the maximum. The confidence level is not at 100 because the undisclosed sum could have a range of impacts on the company's balance sheet.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100